Two Bitcoin wallets have been inactive for 14 years and moved together on July 4th of 20,000 BTC worth approximately $2.18 billion. The transaction was born on April 3, 2011 from a separate address that held 10,000 btc, which had an asset price of about $0.78.
The Analytics account LookonChain first flagged movements on the chain. This detailed two separate 10,000 BTC transfers that occurred within minutes of each other.
Blockchain data was reviewed for both wallets, 12TLS9C9RSALT4OCKXA1HB4ITSSMXJ and 1KBXRSKRT3GEETUUYUSQ35JWKBRAW.
The original acquisition cost totaling 20,000 BTC was around $15,610, representing a return of about 140,000 times the initial investment, or about 14 million%.
This event includes capital transfers from the earliest date of the network. This is a period that is often referred to as the “Satoshi Era.”
Such transfers can cause anxiety in the market for the large amount of coins being sold, but the nature of these specific transactions adds more texture to the event.
One block of 10,000 BTC was sent to a legacy paprick key hash (P2PKH) address, while the other block was directed to a modern Bech32 Segwit address.
The use of various address types can be interpreted as sophisticated holder-managed assets rather than simple liquidation.
The movement represents a vast, long-term consolidation of property, with transfers different from selling exchanges. However, there may be OTC trades in preparation.
The 20,000 BTC is currently in two new addresses, and the ultimate intention of the owner for the capital has not been revealed through more chain actions.